Hyperbolic has secured a $12M Series A funding round led by Polychain Capital and Variant, bringing its total funding to $20M. The company, known for its open access AI computing services, plans to expand its teams and launch its own blockchain in 2025, addressing the 'cost of trust' in decentralized GPU networks. With a strong Web2 foundation and partnerships with major AI players, Hyperbolic aims to bridge the gap between Web2 and Web3 through its GPU Marketplace and verifiable Inference Services.
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